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Taxes, Fiscal Policy, and the Fed

Authored by Al Lorello

Social Studies

12th Grade

Used 12+ times

Taxes, Fiscal Policy, and the Fed
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The more you make, the more they take is which type of tax structure?

proportional tax

progressive tax

regressive tax

sales tax

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This type of tax is placed on goods or services?

proportional tax

progressive tax

sales tax

regressive tax

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This type of tax is also known as the "flat tax."

proportional tax

progressive tax

regressive tax

sales tax

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are Social Security and Medicare funded by?

FDA

FDIC

FIFA

FICA

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following would be a tax placed on cigarettes and alcohol?

excise tax

income tax

regressive tax

progressive tax

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following would be added to the cost of a new pair of shoes bought at the mall?

income tax

excise tax

sales tax

proportional tax

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a tax where the federal government and the state government take money out of an individual's paycheck?

income tax

sales tax

regressive tax

excise tax

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